Hi Colin,
Is there actually anything on the liabilities side of a bank's balance sheet that is subordinate to depositors [from the perspective of a wind up]? I thought depositors were the lowest of the low? I know in the UK there is the FSCS guarantee, but that seems to be an additional 'overlay', so not technically related to the legal ranking of creditors, though I realise it would come into play in an insolvency.
Thanks!
Last edited by a moderator: Sep 8, 2018